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Naphtha import volume slumped in July due to the low run rate

According to customs’ data, naphtha import volume in July was 0.43662 million mt, decreasing 31.04% MoM and 34.67% YoY. The total import volume of naphtha from January to July was 44.8653 million mt, dropping 36.21% YoY.

09-23-2016 14:02:12

Blending oil market began to decrease after rise

Domestic blending oil market fell back slightly after one-week consecutive increase, which turned the trading atmosphere weak.

09-23-2016 13:41:46

Main refineries’ profit was cut down by the bigger increase in feedstock

Main refineries’ profit decreased in September. According to the profit and loss formula of JYD, taking the subsidiary of CNPC for example, up to September 19th, refineries’ profit stood at CNY157/mt, dropping CNY168/mt or 51.78% MoM.

09-20-2016 11:02:08

Oil prices remained downtrend amid bearish news

Recently, weakening international crude oil and bad news continued to bear the crude market. Iran’s crude exportation had soared to the highest level in recent five years.

09-20-2016 09:21:14

Crude oil moved upwards with Iran’s support

On September 19th, Iran’s president showed that they agree to keep the oil prices stable, and the crude oil prices moved upwards with fluctuations.

09-19-2016 17:32:29

Gasoline and diesel prices in Shandong teapots moved downward

In middle September, international crude futures decreased to $43-46/bbl. According to JYD, up to September 18th, the change rate of referential crude oil was -4.88%.

09-18-2016 17:57:51

Profit of gas station shrunk visibly amid roaring refined oil market

International crude futures moved upwards with fluctuations owing to the uncertain attitude upon freezing production among oil producers. Pressed by increased crude production of OPEC and stronger dollars, crude futures moved downward consecutively at the end of August.

09-08-2016 14:12:15

Main refineries’ run rate settled at 71.60% in August

At the end of August, the run rate of main refineries moved down by 1.82 percent MoM to 71.60%.

09-06-2016 17:34:42

Refined oil market may run with stabilized price and poor sales volume

In international crude oil market, bad news continued to bear the market.

09-05-2016 18:49:35

Production and sales volume of refined oil in Shaanxi improved slightly in July

According to Shaanxi Development and Reform Commission recently, the total production of refined oil improved slightly in July. Due to the depressed downtrend in refined oil market, the main refineries cut down the prices in order to transact successfully, so the sales volume increased.

08-25-2016 15:42:12

The refined oil market in South China kept bullish amid good news

Throughout August, the retail prices of refined oil achieved the third decline this year in the early month.

08-24-2016 17:02:38

The price index of refined oil went upwards consecutively

　According to Xinhua (Daqing) International Petroleum Information Center, up to August 19th, the price index of domestic oil products was 579.24, raised by 2.61%, and the price index may continue to go upwards.

08-24-2016 16:34:50

The output of US crude achieved the largest weekly gain in one year

Output of US crude achieved the maximum rise since May, 2015 thanks to the recovering exploitation of shale oil. However, the unexpected decline of crude and gasoline inventory supported the oil price.

08-24-2016 09:37:17

Petroleum export tariff of Russia may decrease to $80/mt since September 1st

According to RIA Novosti, based on the Russian Financial Ministry’s calculation result, from September 1st, 2016, petroleum export tariff of Russia may decrease from $90.1/mt to $80/mt. The export tariff of heavy oil, light oil and lubricating oil will decline to $9.5/mt and $32/mt respectively.

08-24-2016 09:25:28

The retail price of the refined oil achieved its fifth increase in this year

Recently, the spread of OPEC comments on freezing production and the production decline in China had supported the oil market to rebound. What’s more, the Russian New Energy Minister Novak showed an open attitude upon cooperation with OPEC, which inspired the market sentiment.

08-23-2016 09:46:31

Shandong teapots pushed up the oil products prices amid good news

　In middle August, international crude futures were pushed up to $48-51/bbl. According to JYD, up to August 19th, the change rate of reference crude oil was 9.59%.

08-22-2016 16:32:43

Blended oil went upwards amid good news

Recently, international crude futures were running upwards consecutively, and the retail price was up-adjusted on August 18th amid deepened positive changing rate of crude oil.

08-22-2016 16:27:50

Import and export situation of oil products was pessimistic in South China

According to arbitrage data form JYD, from August 1st to 15th, domestic gasoline and diesel prices declined and then rebounded. In the same time, Singapore gasoline and diesel prices were upward with fluctuations which deepened the loss of gasoline import, and the diesel situation turned better.

08-22-2016 10:19:47

The profit of gas station shrunk after the crude oil declined for the fourth time

Recently, crude oil achieved its fourth rise and the market was supported by the momentum of freezing production expectation and weak dollars.

08-18-2016 14:54:23

Bunker oil remained calm amid limited good news

The G20 summit will be held on September 4th in Hangzhou.

08-18-2016 13:38:51

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